English
简体中文
Total: £ 56.28
Published Date: 2025-09-18 | Pages: 72 | Tables: 72 | Internet & Communication
The global Millimeter Wave RF Modules market size was US$ 319 million in 2024 and is forecast to a readjusted size of US$ 6909 million by 2031 with a CAGR of 56.0% during the forecast period 2025-2031.
RF modules (Radio Frequency module) are electronic devices used to transmit and/or receive radio signals between two devices. Millimeter waves occupy in the Extremely High Frequency band (30 GHz to 300 GHz) of radio frequency spectrum. This frequency band has wavelength ranging from 10mm to 1 mm and thus called millimeter waves. Circuits have become denser as radio frequency (RF) applications begin to take advantage of millimeter wave (mmWave) frequencies.
The global millimeter wave RF modules market is expected to grow at a robust compound annual growth rate (CAGR) over the next several years. With the continued deployment of 5G networks, advancements in automotive radar, and the expanding use of millimeter wave technology in defense, satellite, and healthcare industries, the market's growth is set to accelerate.
North America is one of the largest markets for millimeter wave RF modules due to early 5G adoption, strong demand from the defense sector, and a mature automotive market.
Asia-Pacific is expected to experience the fastest growth, driven by 5G rollouts in countries like China, Japan, and South Korea, as well as the growing automotive and manufacturing industries.
Europe is also witnessing growing demand, particularly in telecommunications and defense applications, as well as increasing investments in smart city initiatives that leverage millimeter wave technology.
Global key players of Millimeter Wave RF Modules include Murata, Fujikura, Qualcomm, STMicroelectronics, etc. The top two players hold a share over 96%. North America is the largest market, has a share about 91%, followed by Europe and Asia-Pacific, with share 4% and 2%, separately. In terms of product type, 60GHz RF Module is the largest segment, occupied for a share of 86%, and in terms of application, Wide-band Communication has a share about 97 percent.
The global Millimeter Wave RF Modules market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Murata
Fujikura
Qualcomm
STMicroelectronics
By Type: (Dominant Segment vs High-Margin Innovation)
28GHz RF Module
60GHz RF Module
By Application: (Core Demand Driver vs Emerging Opportunity)
Wide-band Communication
V2X Communication
Wireless Mesh Networks
Others
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Murata in Europe)
- Emerging Product Trends: 28GHz RF Module adoption vs. 60GHz RF Module premiumization
- Demand-Side Dynamics: Wide-band Communication growth in China vs. V2X Communication potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
Japan
China
(Additional regions can be customized based on client needs.)
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Millimeter Wave RF Modules market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., 60GHz RF Module in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., V2X Communication in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Millimeter Wave RF Modules value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Research Methodology
The research methodology employed has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of our company. Our methodology can be divided into five stages:
★Stage 1 SECONDARY RESEARCH
The research team first collaborates with magazines, trade associations and administrative departments in the research field. The information provided by our internal documentation service is helpful for our further research. Our team has a wealth of experience and knowledge, and can effectively extract accurate information from existing resources.
★Stage 2 PRIMARY RESEARCH:INTERVIEWS WITH TRADE SOURCES
After the first stage, the research team conducts a large number of face-to-face or telephone interviews with representative companies working in the research field. Analysts are trying to have an opportunity to talk to leading companies and small companies in the field. Upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers were included in the interview. The data collected during the interview were then carefully examined and compared with the secondary study.
★Stage 3 ANALYSIS OF THE GATHERED DATA
The analysis team examines and synthesizes the data collected in the first two stages. In order to validate the data, a second round of interviews can be conducted.
★Stage 4 QUANTITATIVE DATA
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by our company. The data is based on the estimates obtained during stage 3.
★Stage 5 QUALITY CONTROL
Before publishing, each report undergoes a rigorous review and editing process, which is done by the experience management team to ensure the reliability of the published data. Every analyst on the research team receives support and continuous training as part of our internal quality process.
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 28GHz RF Module
1.2.3 60GHz RF Module
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Wide-band Communication
1.3.3 V2X Communication
1.3.4 Wireless Mesh Networks
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Millimeter Wave RF Modules Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global Millimeter Wave RF Modules Revenue Market Share by Region (2020-2025)
2.4 Global Millimeter Wave RF Modules Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America Millimeter Wave RF Modules Market Size and Prospective (2020-2031)
2.5.2 Europe Millimeter Wave RF Modules Market Size and Prospective (2020-2031)
2.5.3 Japan Millimeter Wave RF Modules Market Size and Prospective (2020-2031)
2.5.4 China Millimeter Wave RF Modules Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global Millimeter Wave RF Modules Historic Market Size by Type (2020-2025)
3.2 Global Millimeter Wave RF Modules Forecasted Market Size by Type (2026-2031)
3.3 Different Types Millimeter Wave RF Modules Representative Players
4 Breakdown Data by Application
4.1 Global Millimeter Wave RF Modules Historic Market Size by Application (2020-2025)
4.2 Global Millimeter Wave RF Modules Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in Millimeter Wave RF Modules Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top Millimeter Wave RF Modules Players by Revenue (2020-2025)
5.1.2 Global Millimeter Wave RF Modules Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by Millimeter Wave RF Modules Revenue
5.4 Global Millimeter Wave RF Modules Market Concentration Analysis
5.4.1 Global Millimeter Wave RF Modules Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by Millimeter Wave RF Modules Revenue in 2024
5.5 Global Key Players of Millimeter Wave RF Modules Head office and Area Served
5.6 Global Key Players of Millimeter Wave RF Modules, Product and Application
5.7 Global Key Players of Millimeter Wave RF Modules, Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America Millimeter Wave RF Modules Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America Millimeter Wave RF Modules Market Size by Type (2020-2025)
6.1.2.2 North America Millimeter Wave RF Modules Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America Millimeter Wave RF Modules Market Size by Application (2020-2025)
6.1.3.2 North America Millimeter Wave RF Modules Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments and Downstream
6.2.1 Europe Millimeter Wave RF Modules Revenue by Company (2020-2025)
6.2.2 Europe Market Size by Type
6.2.2.1 Europe Millimeter Wave RF Modules Market Size by Type (2020-2025)
6.2.2.2 Europe Millimeter Wave RF Modules Market Share by Type (2020-2025)
6.2.3 Europe Market Size by Application
6.2.3.1 Europe Millimeter Wave RF Modules Market Size by Application (2020-2025)
6.2.3.2 Europe Millimeter Wave RF Modules Market Share by Application (2020-2025)
6.2.4 Europe Market Trend and Opportunities
6.3 Japan Market: Players, Segments and Downstream
6.3.1 Japan Millimeter Wave RF Modules Revenue by Company (2020-2025)
6.3.2 Japan Market Size by Type
6.3.2.1 Japan Millimeter Wave RF Modules Market Size by Type (2020-2025)
6.3.2.2 Japan Millimeter Wave RF Modules Market Share by Type (2020-2025)
6.3.3 Japan Market Size by Application
6.3.3.1 Japan Millimeter Wave RF Modules Market Size by Application (2020-2025)
6.3.3.2 Japan Millimeter Wave RF Modules Market Share by Application (2020-2025)
6.3.4 Japan Market Trend and Opportunities
6.4 China Market: Players, Segments and Downstream
6.4.1 China Millimeter Wave RF Modules Revenue by Company (2020-2025)
6.4.2 China Market Size by Type
6.4.2.1 China Millimeter Wave RF Modules Market Size by Type (2020-2025)
6.4.2.2 China Millimeter Wave RF Modules Market Share by Type (2020-2025)
6.4.3 China Market Size by Application
6.4.3.1 China Millimeter Wave RF Modules Market Size by Application (2020-2025)
6.4.3.2 China Millimeter Wave RF Modules Market Share by Application (2020-2025)
6.4.4 China Market Trend and Opportunities
7 Key Players Profiles
7.1 Murata
7.1.1 Murata Company Details
7.1.2 Murata Business Overview
7.1.3 Murata Millimeter Wave RF Modules Introduction
7.1.4 Murata Revenue in Millimeter Wave RF Modules Business (2020-2025)
7.1.5 Murata Recent Development
7.2 Fujikura
7.2.1 Fujikura Company Details
7.2.2 Fujikura Business Overview
7.2.3 Fujikura Millimeter Wave RF Modules Introduction
7.2.4 Fujikura Revenue in Millimeter Wave RF Modules Business (2020-2025)
7.2.5 Fujikura Recent Development
7.3 Qualcomm
7.3.1 Qualcomm Company Details
7.3.2 Qualcomm Business Overview
7.3.3 Qualcomm Millimeter Wave RF Modules Introduction
7.3.4 Qualcomm Revenue in Millimeter Wave RF Modules Business (2020-2025)
7.3.5 Qualcomm Recent Development
7.4 STMicroelectronics
7.4.1 STMicroelectronics Company Details
7.4.2 STMicroelectronics Business Overview
7.4.3 STMicroelectronics Millimeter Wave RF Modules Introduction
7.4.4 STMicroelectronics Revenue in Millimeter Wave RF Modules Business (2020-2025)
7.4.5 STMicroelectronics Recent Development
8 Millimeter Wave RF Modules Market Dynamics
8.1 Millimeter Wave RF Modules Industry Trends
8.2 Millimeter Wave RF Modules Market Drivers
8.3 Millimeter Wave RF Modules Market Challenges
8.4 Millimeter Wave RF Modules Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
List of Tables
Table 1. Global Millimeter Wave RF Modules Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
Table 2. Global Millimeter Wave RF Modules Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
Table 3. Global Market Millimeter Wave RF Modules Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
Table 4. Global Millimeter Wave RF Modules Revenue (US$ Million) Market Share by Region (2020-2025)
Table 5. Global Millimeter Wave RF Modules Revenue Share by Region (2020-2025)
Table 6. Global Millimeter Wave RF Modules Revenue (US$ Million) Forecast by Region (2026-2031)
Table 7. Global Millimeter Wave RF Modules Revenue Share Forecast by Region (2026-2031)
Table 8. Global Millimeter Wave RF Modules Market Size by Type (2020-2025) & (US$ Million)
Table 9. Global Millimeter Wave RF Modules Revenue Market Share by Type (2020-2025)
Table 10. Global Millimeter Wave RF Modules Forecasted Market Size by Type (2026-2031) & (US$ Million)
Table 11. Global Millimeter Wave RF Modules Revenue Market Share by Type (2026-2031)
Table 12. Representative Players of Each Type
Table 13. Global Millimeter Wave RF Modules Market Size by Application (2020-2025) & (US$ Million)
Table 14. Global Millimeter Wave RF Modules Revenue Market Share by Application (2020-2025)
Table 15. Global Millimeter Wave RF Modules Forecasted Market Size by Application (2026-2031) & (US$ Million)
Table 16. Global Millimeter Wave RF Modules Revenue Market Share by Application (2026-2031)
Table 17. New Sources of Growth in Millimeter Wave RF Modules Application
Table 18. Global Millimeter Wave RF Modules Revenue by Players (2020-2025) & (US$ Million)
Table 19. Global Millimeter Wave RF Modules Market Share by Players (2020-2025)
Table 20. Global Top Millimeter Wave RF Modules Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Millimeter Wave RF Modules as of 2024)
Table 21. Ranking of Global Top Millimeter Wave RF Modules Companies by Revenue (US$ Million) in 2024
Table 22. Global 5 Largest Players Market Share by Millimeter Wave RF Modules Revenue (CR5 and HHI) & (2020-2025)
Table 23. Global Key Players of Millimeter Wave RF Modules, Headquarters and Area Served
Table 24. Global Key Players of Millimeter Wave RF Modules, Product and Application
Table 25. Global Key Players of Millimeter Wave RF Modules, Date of Enter into This Industry
Table 26. Mergers & Acquisitions, Expansion Plans
Table 27. North America Millimeter Wave RF Modules Revenue by Company (2020-2025) & (US$ Million)
Table 28. North America Millimeter Wave RF Modules Revenue Market Share by Company (2020-2025)
Table 29. North America Millimeter Wave RF Modules Market Size by Type (2020-2025) & (US$ Million)
Table 30. North America Millimeter Wave RF Modules Market Size by Application (2020-2025) & (US$ Million)
Table 31. Europe Millimeter Wave RF Modules Revenue by Company (2020-2025) & (US$ Million)
Table 32. Europe Millimeter Wave RF Modules Revenue Market Share by Company (2020-2025)
Table 33. Europe Millimeter Wave RF Modules Market Size by Type (2020-2025) & (US$ Million)
Table 34. Europe Millimeter Wave RF Modules Market Size by Application (2020-2025) & (US$ Million)
Table 35. Japan Millimeter Wave RF Modules Revenue by Company (2020-2025) & (US$ Million)
Table 36. Japan Millimeter Wave RF Modules Revenue Market Share by Company (2020-2025)
Table 37. Japan Millimeter Wave RF Modules Market Size by Type (2020-2025) & (US$ Million)
Table 38. Japan Millimeter Wave RF Modules Market Size by Application (2020-2025) & (US$ Million)
Table 39. China Millimeter Wave RF Modules Revenue by Company (2020-2025) & (US$ Million)
Table 40. China Millimeter Wave RF Modules Revenue Market Share by Company (2020-2025)
Table 41. China Millimeter Wave RF Modules Market Size by Type (2020-2025) & (US$ Million)
Table 42. China Millimeter Wave RF Modules Market Size by Application (2020-2025) & (US$ Million)
Table 43. Murata Company Details
Table 44. Murata Business Overview
Table 45. Murata Millimeter Wave RF Modules Product
Table 46. Murata Revenue in Millimeter Wave RF Modules Business (2020-2025) & (US$ Million)
Table 47. Murata Recent Development
Table 48. Fujikura Company Details
Table 49. Fujikura Business Overview
Table 50. Fujikura Millimeter Wave RF Modules Product
Table 51. Fujikura Revenue in Millimeter Wave RF Modules Business (2020-2025) & (US$ Million)
Table 52. Fujikura Recent Development
Table 53. Qualcomm Company Details
Table 54. Qualcomm Business Overview
Table 55. Qualcomm Millimeter Wave RF Modules Product
Table 56. Qualcomm Revenue in Millimeter Wave RF Modules Business (2020-2025) & (US$ Million)
Table 57. Qualcomm Recent Development
Table 58. STMicroelectronics Company Details
Table 59. STMicroelectronics Business Overview
Table 60. STMicroelectronics Millimeter Wave RF Modules Product
Table 61. STMicroelectronics Revenue in Millimeter Wave RF Modules Business (2020-2025) & (US$ Million)
Table 62. STMicroelectronics Recent Development
Table 63. Millimeter Wave RF Modules Market Trends
Table 64. Millimeter Wave RF Modules Market Drivers
Table 65. Millimeter Wave RF Modules Market Challenges
Table 66. Millimeter Wave RF Modules Market Restraints
Table 67. Research Programs/Design for This Report
Table 68. Key Data Information from Secondary Sources
Table 69. Key Data Information from Primary Sources
List of Figures
Figure 1. Millimeter Wave RF Modules Product Picture
Figure 2. Global Millimeter Wave RF Modules Market Share by Type: 2024 VS 2031
Figure 3. 28GHz RF Module Features
Figure 4. 60GHz RF Module Features
Figure 5. Global Millimeter Wave RF Modules Market Share by Application: 2024 VS 2031
Figure 6. Wide-band Communication
Figure 7. V2X Communication
Figure 8. Wireless Mesh Networks
Figure 9. Others
Figure 10. Millimeter Wave RF Modules Report Years Considered
Figure 11. Global Millimeter Wave RF Modules Market Size (US$ Million), Year-over-Year: 2020-2031
Figure 12. Global Millimeter Wave RF Modules Market Size, (US$ Million), 2020 VS 2024 VS 2031
Figure 13. Global Millimeter Wave RF Modules Revenue Market Share by Region: 2020 VS 2024
Figure 14. North America Millimeter Wave RF Modules Revenue (US$ Million) Growth Rate (2020-2031)
Figure 15. Europe Millimeter Wave RF Modules Revenue (US$ Million) Growth Rate (2020-2031)
Figure 16. Japan Millimeter Wave RF Modules Revenue (US$ Million) Growth Rate (2020-2031)
Figure 17. China Millimeter Wave RF Modules Revenue (US$ Million) Growth Rate (2020-2031)
Figure 18. Global Millimeter Wave RF Modules Market Share by Players in 2024
Figure 19. Global Top Millimeter Wave RF Modules Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Millimeter Wave RF Modules as of 2024)
Figure 20. The Top 10 and 5 Players Market Share by Millimeter Wave RF Modules Revenue in 2024
Figure 21. North America Millimeter Wave RF Modules Market Share by Type (2020-2025)
Figure 22. North America Millimeter Wave RF Modules Market Share by Application (2020-2025)
Figure 23. Europe Millimeter Wave RF Modules Market Share by Type (2020-2025)
Figure 24. Europe Millimeter Wave RF Modules Market Share by Application (2020-2025)
Figure 25. Japan Millimeter Wave RF Modules Market Share by Type (2020-2025)
Figure 26. Japan Millimeter Wave RF Modules Market Share by Application (2020-2025)
Figure 27. China Millimeter Wave RF Modules Market Share by Type (2020-2025)
Figure 28. China Millimeter Wave RF Modules Market Share by Application (2020-2025)
Figure 29. Murata Revenue Growth Rate in Millimeter Wave RF Modules Business (2020-2025)
Figure 30. Fujikura Revenue Growth Rate in Millimeter Wave RF Modules Business (2020-2025)
Figure 31. Qualcomm Revenue Growth Rate in Millimeter Wave RF Modules Business (2020-2025)
Figure 32. STMicroelectronics Revenue Growth Rate in Millimeter Wave RF Modules Business (2020-2025)
Figure 33. Bottom-up and Top-down Approaches for This Report
Figure 34. Data Triangulation
Figure 35. Key Executives Interviewed
